Estimate an Answer to the Problem

question 29

Multiple Choice

Estimate an answer to the problem.
-An advertisement states that television sets are on sale at B&G Electronics. The sale prices are: 13-inch set, $147.99; 19-inch set, $201.95; 21-inch set, $231.99; 27-inch set, $299.97; 50-inch set, $502.97. Estimate the approximate number of 50-inch sets that can be bought for $6044.

• A)12
• B)9
• C)19
• D)17

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Definitions:

Economic Forecasts

Predictions about future economic conditions, including growth rates, inflation, and employment, based on current and historical data.

FA/Sales Ratio

Fixed Assets to Sales Ratio; measures the efficiency of a firm's use of its fixed assets to generate sales.

Financial Forecast

A prediction of future revenues, expenses, and profits of a company, used for budgeting and strategic planning.

Fixed Assets

Assets that are purchased for long-term use and are not likely to be converted quickly into cash, such as buildings, land, and machinery.